<p>Why do governments borrow? What happens when a country defaults on its debt? How does a country get out of a debt crisis? St. Louis Fed economist Paulina Restrepo-Echavarria answers these and other related questions.</p>

Why do governments borrow? What happens when a country defaults on its debt? How does a country get out of a debt crisis? St. Louis Fed economist Paulina Restrepo-Echavarria answers these and other related questions.

Some Basics on Sovereign Debt and Default

In the Timely Topics podcast series, economists and other Federal Reserve Bank of St. Louis experts talk about their research and current topics in the news. 
(Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.)

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In the Timely Topics podcast series, economists and other Federal Reserve Bank of St. Louis experts talk about their research and current topics in the news. (Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.)

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Some Basics on Sovereign Debt and Default

Some Basics on Sovereign Debt and Default

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